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2000 Florida Ave NW, Washin...

Fusion Academy Leases Industrial Space In Washington From American Geophysical Union
LEASEDIndustrial

Fusion Academy Leases Industrial Space In Washington From American Geophysical Union

2000 Florida Ave NW, Washington, DC...

Building Size

14,690 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The Industrial property located at 2000 Florida Ave NW in Washington, DC, boasting 14,690 square feet, was involved in a lease transaction. The Tenant, Fusion Academy, secured this space from the Landlord, American Geophysical Union. The Tenant was represented by Steve Spartin from JLL, while the Landlord was represented by Morgan Monroe from EQ Office, Sally Wilson from Newmark, and Suzanne White.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Tenant: Fusion Academy
  • Landlord: American Geophysical Union
  • Square Feet: 14,690
  • Tenant's Rep: Steve Spartin (JLL)
  • Landlord's Rep: Morgan Monroe (EQ Office), Sally Wilson (Newmark), Suzanne White

The deal involved key individuals Steve Spartin representing the Tenant, Fusion Academy, and Morgan Monroe, Sally Wilson, and Suzanne White representing the Landlord, American Geophysical Union. These professionals played crucial roles in facilitating the successful lease transaction of this industrial property in Washington, DC.

Players

Morgan Monroe

EQ Office

Broker

1 deal

Broker

Washington Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93